Hot News: XRP (XRP) and ARB Coin (ARB) Announce Partnerships and Exciting Developments in the Crypto World

  • Ripple and XRPL Labs have joined the Decentralized Recovery (DeRec Alliance), joining the likes of developer of Blockchain network Hedera, Swirlds Labs, and the Algorand Foundation.
  • Arbitrum (ARB Coin) has reached a significant milestone in its network, with daily transactions hitting two million as of May 8th.
  • Binance Labs incubation project UXUY has completed a $7 million funding round.

Discover the latest developments in the crypto world, including Ripple’s new alliance, Arbitrum’s milestone, and Binance Labs’ successful funding round.

Ripple and XRPL Labs Join DeRec Alliance

Ripple and XRPL Labs have become members of the Decentralized Recovery (DeRec Alliance), joining other members such as Acoer, BankSocial, Blade Labs, The Building Blocks, Casper Association, Constellation Network, The Hashgraph Association, The HBAR Foundation, and Revive Labs. The DeRec Alliance was founded by Hedera co-founder Leemon Baird, with the aim of providing an open-source process to accelerate the recovery of digital assets.

Arbitrum (ARB Coin) Hits 2 Million Daily Transactions

Arbitrum (ARB Coin), an Ethereum layer-2 scaling solution, has reached a significant milestone in its network. According to data from analytic platform IntoTheBlock, Arbitrum’s daily transactions reached two million as of May 8th. This represents a consistent average of one million transactions per day since March, showcasing the network’s user-friendly nature.

Binance Labs Incubation Project UXUY Completes $7 Million Funding Round

UXUY, a next-generation decentralized multi-chain trading platform incubated by Binance Labs, has announced the completion of a $7 million Pre-A funding round in Hong Kong. Since its inception, the total funding amount has exceeded $10 million. UXUY is a significant founder in the Bitcoin ecosystem, with over 100,000 traders using Bitcoin Lightning Network services through UXUY.

Conclusion

This week in crypto news, Ripple and XRPL Labs have joined the Decentralized Recovery (DeRec Alliance), Arbitrum (ARB Coin) has reached a significant milestone in its network, and Binance Labs incubation project UXUY has completed a $7 million funding round. These developments highlight the continuous growth and innovation in the crypto industry.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.
spot_imgspot_imgspot_imgspot_img

Latest News

Bloomberg Analyst Reveals Predicted Influx of Funds into Ethereum (ETH): Here’s the Expected Amount!

Spot Ethereum ETF’lerine Bitcoin’den çok daha az yatırım...

Ethereum (ETH) Countdown: Impact on Market Dynamics and Investor Strategies

<ul> <li>Bitcoin approaches its all-time high (ATH) as...

Bitcoin (BTC) vs Monero (XMR): Navigating Privacy and Security in Crypto Trading

Cryptocurrency has revolutionized the way we think...

Ethereum (ETH) Surges After Historic Spot ETF Approval, Eyes New All-Time High

Ethereum has recently experienced a significant breakout,...
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Why XRP (Ripple) is Surging: Latest Analysis and Insights on XRP Price Movement

<ul> <li>XRP's recent surge can be attributed to...

Daily Crypto Market Review: BTC, ETH, ONDO, LDO, LINK Price Trends and Analysis

Cryptocurrency markets have shown significant volatility today,...
Crypto Vira
Crypto Virahttps://coinotag.com/
Alican is a young and dynamic individual at the age of 23, with a deep interest in space exploration, Elon Musk, and following in the footsteps of Atatürk. Alican is an expert in cryptocurrency, price action, and technical analysis. He has a passion for sharing his knowledge and experience through writing and aims to make a positive impact in the world of finance.
spot_imgspot_imgspot_imgspot_img

Bloomberg Analyst Reveals Predicted Influx of Funds into Ethereum (ETH): Here’s the Expected Amount!

Spot Ethereum ETF’lerine Bitcoin’den çok daha az yatırım gelmesi bekleniyor. ABD Menkul Kıymetler ve Borsa Komisyonu (SEC), 24 Mayıs günü spot Ethereum ETF’lerini...

Bitcoin (BTC) Faces Significant Correction Post All-Time High: What Investors Need to Know

Bitcoin (BTC) recently experienced a notable correction after surpassing the $70,000 mark, dipping back to $67,000. Despite...

Ethereum (ETH) Countdown: Impact on Market Dynamics and Investor Strategies

<ul> <li>Bitcoin approaches its all-time high (ATH) as a decision on spot Ethereum exchange-traded funds (ETFs) looms on May 23.</li> <li>Expectations rise...